Thursday, July 9, 2015

I Am Greek



     From The Copy Desk: While the international bankers cartel and their minions press the suffering Greek nation to accept more pain and suffering so their nation can still fail to repay its debt, the peers of the Greeks in the  "democratic west" watch dispassionately while the will of the plutocrats is imposed  . . . not realizing they are in the same line - just a little further away from the front of the line.

     Warren sleeps late on Thursdays. He just does, nobody knows why. "It's already past noon, better check to see if those lazy Greeks have finally been brought to heel," Warren said, clicking on CRBN (Comically Relentless Business News). After the commercial selling silver, Warren saw the world remained intact - stock and oil were up, everything was up. "Grexit" was oversold, the worried hedge fund execs circling the finest hotels in Athens to watch over their investments may yet cash in on the suffering of a whole nation, Warren thought.
     "Hey Marty those Greeks are going to get it now," Warren said. "The bankers are not budging and they'll have to pay up."
     Marty sighed. "The only problem is they can't pay up," Marty said. "The weak, corrupt and inefficient economy Greece had is gone. Crushed by the austerity imposed by the earlier 'bailouts.' Now there is no way they can meet the economic targets set by the lenders - which assumed the nation would flip from the least efficient economy in the Eurozone to become the most efficient, better even than Germany."
     "Don't the lenders deserve to be repaid, how can they let the Greeks get away with this," Warren asked.
West Germany signs a deal
to halve its debt  in 1953.
     Marty sighed again. The younger halph-brother was still to easily taken in and forgets history. Remember, he thought to himself, those who forget history and condemned to believe Republic Party.
     "Remember Warren, in 1953 West Germany's struggling economy was released from crushing debt by a 50 percent write-off of the nation's debt," Marty said. "In addition Europe as a whole received billions in aid through the Marshall plan."
     "Hey, that's hypocrisy," Warren said. "I learned about that a few posts ago. And I remembered!"
     "Accidents, and miracles, happen sometimes," Marty said. "In this case, I fear neither will happen and to please the "investors" who now hold much of the Greek debt - the investors who came in as the Greek crisis grew, they got in for the really high interest rates, they knew the risks - the birthplace of Democracy will soon be plunged into a deep, dark and dangerous situation that we may yet come to regret. The power of the globe's giant pool of money has its latest victim. But not its last."